Sri Lanka has published a request for proposals for 150 MW of solar capacity. As part of the third phase of the Battle for Solar Energy programme, state-owned power utility Ceylon Electricity Board (CEB) intends to build 20 solar power projects ranging from 3 MW to 10 MW under a build, own and operate (BOO) model. The solar projects will be built in various locations and each of them will be connected to different grid substations. CEB has set the ceiling price at LKR15.6/kWh (US$8.6c/kWh) and will readjust 80% of the proposed tariff based on LKR/US$ fluctuations.
In December 2019, the Ministry of Power and Energy of Sri Lanka announced its objective to reach 100% of power from renewables by 2050. According to the UN Development Programme (UNDP) and Asian Development Bank (ADB), the country has a solar potential of 16 GW. In 2017 total installed capacity reached 4.2 GW and 2.2 GW were thermal power plants (1.2 GW oil-fired and 900 MW coal-fired).
Do you want to become an expert on renewable energies auctions?
Discover our very detailed and regularly updated RES auctions database with worldwide coverage and a technical focus backed by academic research.
With our renewable energies auctions service you will be able to monitor auctions at a global level. Its (expanding) scope notably includes all major G20 countries and offers an especially fine tracking on Europe and South America.